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Although crude oil and equities have traded in a highly correlated fashion over the past while, crude oil has yet to print its first daily cycle low in its broader intermediate cycle. Both crude oil and equities printed their intermediate cycle lows on the 24 th of December last year. Monday,...
Saudi Aramco has agreed to buy a 70% stake in Saudi petrochemicals firm Sabic for $69.1B, WSJ reports. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, Energy stocks news, News on ETFs, Read more ...
By Phil Flynn Despite Friday's sell-off due to an inversion in the yield curve, the oil demand numbers are telling us the exact opposite. As I pointed out in recent weeks, gasoline demand has been flourishing, with record low unemployment and rising wages. This comes as we should see anoth...
The American Petroleum Institute reportedly shows a build of 1.97M barrels of oil for the week ending March 22, vs. a draw of 2.13M barrels in the previous week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN,...
U.S. crude oil breaks above $60/bbl , as market participants regain focus on the tight supply situation and away from concerns about weaker demand from a potential economic slowdown; WTI +2.4% to $60.27/bbl, Brent +1.4% at $68.14/bbl. More news on: Exxon Mobil Corporation, Chevron Co...
Oil prices continue their gradual ascent, driven recently by significant inventory draws if the data presented by the EIA (Energy Information Administration) is correct. In its latest report , the organization estimated that total crude and petroleum product stocks fell significantly over the...
On March 21, the price of nearby May NYMEX crude oil futures traded to a new high for 2019 when the price hit $60.39 per barrel. The next day, selling hit both the crude oil and the stock markets. Crude oil had been rallying steadily since late December after an ugly fourth quarter for the ene...
I often say there’s ALWAYS a bull market somewhere in energy, and right now it is in heavy oil . Heavy oil should and normally does trade at a discount to light oil because it is more expensive to refine. But now that gap is closing, and now heavy oil actually trades at a premium...
The proximate cause of the oil price bust starting in June 2014 was the explosion of shale oil production which carried on until March 2015 when production peaked at 5.87 million barrels per day, up one million in a year (calculated from EIA Drilling Productivity Report ). One theory is tha...
Welcome to the not enough reduction edition of Oil Markets Daily! Saudi Arabia continues to be in the driver seat for the global oil markets. As the biggest oil exporter in the world, fluctuations in exports month-to-month could send markets into surplus or deficit. Over the last 3-mon...
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SHL Telemedicine German Operation and BARMER, one of the top health insurance funds in Germany, to present at leading Germany Healthcare Conference SHL Telemedicine Ltd. (NASDAQ: SHLT, SIX: SHLTN;) (" SHL " or the " Company "), a leading provider and developer of advanced person...
Pioneering a New Era of Cardiac Care, SHL Telemedicine Established a Comprehensive Network to Broaden Access to Expert Cardiology Services for B2B and Direct-to-Consumer Segments through its SmartHeart® Technology. SHL Telemedicine Ltd. (NASDAQ: SHLT, SIX: SHLTN;) (" SHL ȁ...
Making Significant Investments in Infrastructure and Technology, SHL Telemedicine Advances its US Direct-to-Consumer Strategy Post Positive Initial Trial Results SHL Telemedicine Ltd. (NASDAQ: SHLT, SIX: SHLTN;) (" SHL ” or the “ Company ”), a leading provid...